AGP Executive Report
Last update: 4 hours agoBanking and Small Business: President Irfaan Ali urged commercial banks to lend more to small firms as Bank of Baroda opened its new Georgetown headquarters. The bank reported $51.2 billion in total business and $774 million in net profit for 2025–26. India Partnership: India extended Guyana a US$500 million credit line and signed agreements on digital payments and support for small manufacturers. A UPI-style national payment system is expected by year-end. Guyana’s High Commissioner also said the country could eventually supply up to 20% of India’s crude needs, with refining and bunkering options under discussion. Energy Transition: Guyana commissioned its first solar-powered EV charging station at the University of Guyana. The 60-kilowatt facility can charge two vehicles and feeds surplus solar power into the grid. Oil and Local Content: ExxonMobil received a five-year permit to drill the Jacunda-1 exploration well. Meanwhile, the Local Content Secretariat urged oil companies to publish upcoming contracts earlier so Guyanese suppliers can prepare bids.
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